Details about Yoshiyasu Ono

Homepage:	http://www.iser.osaka-u.ac.jp/~ono/index.html
Workplace:	Institute of Social and Economic Research (ISER), Osaka University, (more information at EDIRC)

Access statistics for papers by Yoshiyasu Ono.

Last updated 2020-12-07. Update your information in the RePEc Author Service.

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Working Papers

2020

1. Financial Crisis and Slow Recovery with Bayesian Learning Agents
   ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
2. Structural Unemployment, Underemployment, and Secular Stagnation
   CESifo Working Paper Series, CESifo

2019

3. A simple aggregate demand analysis with dynamic optimization in a small open economy
   ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
   See also Journal Article in Economic Modelling (2020)
4. Immigration and Secular Stagnation
   ISER Discussion Paper, Institute of Social and Economic Research, Osaka University

2018

5. Regional subsidies and interregional labor movement
   ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
6. Wealth Preference and Rational Bubbles
   ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
   Also in CESifo Working Paper Series, CESifo (2018) View citations (3)

2017

7. Asset Prices and Leverage in a Model of Persistent Stagnation
   VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking, Verein für Socialpolitik / German Economic Association
8. Corporate Tax Competition in the Presence of Unemployment
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
9. Country Size, Specialization Patterns and Secular Demand Stagnation
   ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
   Also in CESifo Working Paper Series, CESifo (2017)
10. Credit Booms, Debt Overhang and Secular Stagnation
    CESifo Working Paper Series, CESifo
    Also in ISER Discussion Paper, Institute of Social and Economic Research, Osaka University (2017)
    See also Journal Article in European Economic Review (2018)
11. Macroeconomic interdependence between a stagnant and a fully employed country
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
    See also Journal Article in The Japanese Economic Review (2018)

2016

12. The Welfare Effects of Attracting Foreign Direct Investment in the Presence of Unemployment
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University

2015

13. Fiscal Policy under Long-run Stagnation: A New Interpretation of the Multiplier Effect
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
14. Growth, Secular Stagnation and Wealth Preference
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (3)

2014

15. Difference or Ratio: Implication of Status Preference on Stagnation
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (3)
    See also Journal Article in Australian Economic Papers (2018)
16. Exchange-Rate Adjustment and Macroeconomic Interdependence between Stagnant and Fully Employed Countries
    CESifo Working Paper Series, CESifo

2013

17. Tariffs versus Production Subsidies as Industry Protection
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University

2010

18. A Reinterpretation of the Keynesian Consumption Function and Multiplier Effect
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (3)
19. Public Debt Places No Burden on Future Generations under Demand Shortage
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (1)

2009

20. Information Cycles and Depression in a Stochastic Money-in-Utility Model
    MPRA Paper, University Library of Munich, Germany
21. Nominal Wage Adjustment, Demand Shortage and Economic Policy
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (1)
22. The Keynesian Multiplier Effect Reconsidered
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
    See also Journal Article in Journal of Money, Credit and Banking (2011)
23. Zero Nominal Interest Rates, Unemployment, Excess Reserves and Deflation in a Liquidity Trap
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (2)
    See also Journal Article in Metroeconomica (2012)

2008

24. Determinacy of Equilibrium under Various Phillips Curves
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
25. Growth, Stagnation and Status Preference
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (1)
    See also Journal Article in Metroeconomica (2011)

2007

26. Does Pro-population Policy Raise Per Capita Consumption?
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
    See also Journal Article in The Japanese Economic Review (2011)

2006

27. Capital Income Taxation and Specialization Patterns: Investment Tax vs. Saving Tax
    KIER Working Papers, Kyoto University, Institute of Economic Research
    Also in ISER Discussion Paper, Institute of Social and Economic Research, Osaka University (2006)
28. Fallacy of the Multiplier Effect: Correcting the Income Analysis
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (1)
29. Learning, Inflation Cycles, and Depression
    Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics
30. Protective Trade Policies 'Reduce' Employment: A Dynamic Optimization Approach
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
31. The Byrd Amendment as Facilitating a Tacit International Business Collusion
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
    See also Journal Article in Review of International Economics (2011)

2005

32. Financial Crisis and Recovery: Learning-based Liquidity Preference Fluctuations
    Macroeconomics, University Library of Munich, Germany View citations (1)

2004

33. Learning, Liquidity Preference, and Business Cycle
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (1)

2003

34. Time Patience Does Not Lead to a Capital-intensive Nation
    KIER Working Papers, Kyoto University, Institute of Economic Research View citations (1)

2001

35. Growth or Stagnation: Economic Consequences of Status Preference
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
36. International Spillover of Economic Fluctuations:A Dynamic Optimization Approach
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (1)

2000

37. Protecting the environment in the presence of foreign direct investment: tax versus quantity restriction
    Economics Discussion Papers, University of Essex, Department of Economics View citations (2)

1998

38. Export-Oriented Foreign Direct Investment and Local Content Requirement
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (35)
39. Liquidity Preference and Persistent Unemployment with Dynamic Optimizing Agents
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (6)

1997

40. Foreign Direct Investment, Local Content Requirement, and Profit Taxation
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
    See also Journal Article in Economic Journal (1998)

1995

41. Optimal Tariffs in the Presence of Middlemen
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
    See also Journal Article in Canadian Journal of Economics (1999)
42. The Marginal Efficiency of Capital Dynamic Optimization
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University

1994

43. Asymmetric Oligopoly, International Trade, and Welfare: Synthesis
    Economics Discussion Papers, University of Essex, Department of Economics
    See also Journal Article in Journal of Economics (1997)
44. Market Segmentation and Effective Demand Shortage in a World Economy with Dynamic Optimisation
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University

1992

45. Fiscal Policy, International Wealth Distribution, and Welfare
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
46. R & D, Market Share, and Welfare
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
47. Stock Boom and Flow Stagnation Under Wealth Preference
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University
48. Tariff Wars, Retaliation and Managed Trade
    Boston University - Institute for Economic Development, Boston University, Institute for Economic Development View citations (1)
    Also in ISER Discussion Paper, Institute of Social and Economic Research, Osaka University (1992) View citations (1)

1991

49. Trade, Capital Accumulation, and Welfare
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University

1990

50. International Welfare Effects of Saving Controls and Trade Restrictions
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (2)
51. SPILL-OVER EFFECTS OF SUPPLY-SIDE CHANGES IN A TWO-COUNTRY ECONOMY WITH CAPITAL ACCUMULATION
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University View citations (4)
    See also Journal Article in Journal of International Economics (1992)
52. WEALTH EFFECTS AND PERMANENT INEQUALITY UNDER DYNAMIC OPTIMIZATION
    ISER Discussion Paper, Institute of Social and Economic Research, Osaka University

1981

53. Profitability of Export Restraint (Now published in Journal of International Economics, vol.16 (1984), pp. 335-343.)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

1980

54. The Kinked Demand Curve - A Theoretical Approach
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

Undated

55. Market Segmentation and Effective Demand Shortage in a World with Dynamic Optimization
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics

Journal Articles

2020

1. A simple aggregate demand analysis with dynamic optimization in a small open economy
   Economic Modelling, 2020, 91, (C), 89-99
   See also Working Paper (2019)

2019

2. Japanese Economy: Two Lost Decades and How Many More?
   Intereconomics: Review of European Economic Policy, 2019, 54, (5), 291-296

2018

3. Credit booms, debt overhang and secular stagnation
   European Economic Review, 2018, 108, (C), 78-104 View citations (9)
   See also Working Paper (2017)
4. Difference or Ratio: Implications of Status Preference on Stagnation
   Australian Economic Papers, 2018, 57, (3), 346-362 View citations (8)
   See also Working Paper (2014)
5. Macroeconomic Interdependence Between a Stagnant and a Fully Employed Country
   The Japanese Economic Review, 2018, 69, (4), 450-477 View citations (5)
   Also in The Japanese Economic Review, 2018, 69, (4), 450-477 (2018) View citations (1)
   See also Working Paper (2017)

2015

6. Fiscal policy under deflationary gap and long-run stagnation: Reinterpretation of Keynesian multipliers
   Economic Modelling, 2015, 51, (C), 596-603 View citations (4)
7. Partial Replacement of Protective Tariffs by Production Subsidies and Welfare
   The Economic Record, 2015, 91, (294), 300-308 View citations (1)
8. Pollution, foreign direct investment, and welfare
   Research in Economics, 2015, 69, (2), 238-247 View citations (5)

2014

9. International Economic Interdependence and Exchange-rate Adjustment under Persistent Stagnation
   The Japanese Economic Review, 2014, 65, (1), 70-92 View citations (9)
10. On Persistent Demand Shortages: A Behavioural Approach
    The Japanese Economic Review, 2014, 65, (1), 42-69 View citations (21)

2012

11. ZERO NOMINAL INTEREST RATES, UNEMPLOYMENT, EXCESS RESERVES AND DEFLATION IN A LIQUIDITY TRAP
    Metroeconomica, 2012, 63, (2), 335-357 View citations (11)
    See also Working Paper (2009)

2011

12. AN OLIGOPOLISTIC HECKSCHER–OHLIN MODEL OF FOREIGN DIRECT INVESTMENT
    The Japanese Economic Review, 2011, 62, (3), 331-347 View citations (2)
13. DOES PRO‐POPULATION POLICY RAISE PER CAPITA CONSUMPTION?
    The Japanese Economic Review, 2011, 62, (2), 151-169 View citations (9)
    See also Working Paper (2007)
14. GROWTH, STAGNATION AND STATUS PREFERENCE
    Metroeconomica, 2011, 62, (1), 122-149 View citations (15)
    See also Working Paper (2008)
15. The Byrd Amendment as Facilitating a Tacit International Business Collusion
    Review of International Economics, 2011, 19, (5), 877-893
    See also Working Paper (2006)
16. The Keynesian Multiplier Effect Reconsidered
    Journal of Money, Credit and Banking, 2011, 43, (4), 787-794
    Also in Journal of Money, Credit and Banking, 2011, 43, (4), 787-794 (2011) View citations (6)
    See also Working Paper (2009)

2010

17. Time Patience and Specialization Patterns in the Presence of Asset Trade
    Journal of Money, Credit and Banking, 2010, 42, (1), 93-112
    Also in Journal of Money, Credit and Banking, 2010, 42, (1), 93-112 (2010) View citations (5)

2008

18. International Asset Trade, Capital Income Taxation, and Specialization Patterns
    Journal of Public Economic Theory, 2008, 10, (5), 743-763 View citations (2)

2007

19. Relative Emission Standard versus Tax under Oligopoly: The Role of Free Entry
    Journal of Economics, 2007, 91, (2), 107-128 View citations (42)

2006

20. INTERNATIONAL ASYMMETRY IN BUSINESS ACTIVITY AND APPRECIATION OF A STAGNANT COUNTRY'S CURRENCY*
    The Japanese Economic Review, 2006, 57, (1), 101-120 View citations (22)
21. Long‐run Specialization*
    Review of International Economics, 2006, 14, (1), 1-15 View citations (12)

2005

22. Fiscal Spending, Relative‐Price Dynamics, and Welfare in a World Economy*
    Review of International Economics, 2005, 13, (2), 216-236 View citations (15)

2004

23. THE LIQUIDITY TRAP AND PERSISTENT UNEMPLOYMENT WITH DYNAMIC OPTIMIZING AGENTS: EMPIRICAL EVIDENCE
    The Japanese Economic Review, 2004, 55, (4), 355-371 View citations (17)

2001

24. A Reinterpretation of Chapter 17 of Keynes's General Theory: Effective Demand Shortage under Dynamic Optimization
    International Economic Review, 2001, 42, (1), 207-36 View citations (36)
25. Government spending, interest rates, and capital accumulation in a two-sector model
    Canadian Journal of Economics, 2001, 34, (4), 903-920 View citations (2)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2001, 34, (4), 903-920 (2001)

1999

26. Optimal Tariffs in the Presence of Middlemen
    Canadian Journal of Economics, 1999, 32, (1), 55-70 View citations (10)
    See also Working Paper (1995)
27. R&D Subsidies Under Asymmetric Duopoly: A Note
    The Japanese Economic Review, 1999, 50, (1), 104-111 View citations (9)

1998

28. Foreign Direct Investment, Local Content Requirement, and Profit Taxation
    Economic Journal, 1998, 108, (447), 444-57 View citations (49)
    See also Working Paper (1997)
29. Tax policy on foreign direct investment in the presence of cross-hauling
    Review of World Economics (Weltwirtschaftliches Archiv), 1998, 134, (2), 263-279 View citations (4)

1997

30. Asymmetric oligopoly, international trade, and welfare: a synthesis
    Journal of Economics, 1997, 65, (3), 291-310 View citations (26)
    See also Working Paper (1994)

1996

31. Fiscal policy, wealth divergence, and lifetime utility
    Journal of Economics, 1996, 64, (3), 265-280 View citations (1)
32. Stagnation Steady States and the Output‐Inflation Tradeoff
    Economic Review, 1996, 47, (1), 16-26
33. Stagnation Steady States and the Output‐Inflation Tradeoff―A Reply―
    Economic Review, 1996, 47, (1), 84-86

1995

34. The Role of Free Entry in an Oligopolistic Heckscher-Ohlin Model
    International Economic Review, 1995, 36, (3), 609-24 View citations (25)

1994

35. Industrial policy and national welfare in the presence of monopoly
    Japan and the World Economy, 1994, 6, (1), 61-73 View citations (1)

1992

36. Macroeconomic Dynamics in a Multi-country Economy: A Dynamic Optimization Approach
    International Economic Review, 1992, 33, (3), 629-44 View citations (31)
37. Spill-over effects of supply-side changes in a two-country economy with capital accumulation
    Journal of International Economics, 1992, 33, (1-2), 127-146 View citations (18)
    See also Working Paper (1990)

1991

38. ORDERLY MARKETING ARRANGEMENT IN THE CONTEXT OF THE GATT REGIME*
    Economics and Politics, 1991, 3, (2), 151-162 View citations (1)

1990

39. Foreign penetration and national welfare under oligopoly
    Japan and the World Economy, 1990, 2, (2), 141-154 View citations (19)

1989

40. Terms of Trade and Welfare: A General Analysis
    The Economic Record, 1989, 65, (1), 27-31

1988

41. Helping Minor Firms Reduces Welfare
    Economic Journal, 1988, 98, (393), 1199-1202 View citations (153)

1984

42. International Operations and Controls over Foreign Ownership
    Economic Review, 1984, 35, (1), 22-30
43. Profitability of export restraint
    Journal of International Economics, 1984, 16, (3-4), 335-343 View citations (4)
44. Tariffs vs. quotas under duopoly of heterogeneous goods
    Journal of International Economics, 1984, 17, (3-4), 359-373 View citations (11)

1982

45. Tariffs, Quotas, and Market Structure
    The Quarterly Journal of Economics, 1982, 97, (2), 295-305 View citations (16)

Books

2007

1. Trade and Industrial Policy under International Oligopoly
   Cambridge Books, Cambridge University Press View citations (1)
   Also in Cambridge Books, Cambridge University Press (2003) View citations (2)

Chapters

2010

1. Trade Policy, Exchange Rate Adjustment and Unemployment
   Chapter 7 in Globalization and Economic Integration, 2010

1994

2. Tariffs, Quotas, and Inventory Adjustment
   A chapter in Macroeconomic Linkage: Savings, Exchange Rates, and Capital Flows, 1994, pp 273-293